Research On The Risk And Control Of TSJ Company’s External Guarantee Business

Guarantee business is one of the important ways to effectively alleviate the difficulties of enterprise financing.Reasonable guarantee business among enterprises can effectively promote capital financing and maximize the mutual benefits of creditors,debtors and third-party guarantors.However,once the guarantee business is not well managed,it can seriously affect the normal operation of the enterprises themselves and also affect the capital market,even triggering regional financial risks.In recent years,although the guarantee issue has attracted widespread social attention and relevant regulatory authorities have regulated the guarantee business,enterprises often face huge risks when carrying out guarantee business due to the relatively short development time and information asymmetry in domestic guarantee business.Therefore,it is of positive significance to study the risk of enterprises’ external guarantee business and its control to maintain normal operation,reduce financing cost and guarantee the safety of capital market.At present,banks and guarantee companies are mainly used as the objects of studying guarantee risks and their control in China,and fewer studies are conducted on manufacturing industry entity companies.In this paper,we take TSJ company as the research object,use information asymmetry theory and risk management theory as the basis,use questionnaire survey method and hierarchical analysis method to build a risk assessment index system from three levels: external macro environment risk,internal management risk of TSJ company and guarantee risk of guaranteed enterprises;meanwhile,we substitute quantitative and qualitative indicators related to TSJ company into the risk assessment index system,and the calculation and analysis concluded that the macro environment risk(53.78 points),the internal management risk of TSJ(51.28 points),and the guarantee risk of the guaranteed enterprise(49.01 points)were all in the alert state.This paper suggests that to strengthen the control of macro environment guarantee risk,banking institutions should strictly carry out loan auditing,relevant government regulators should formulate more perfect and meticulous supervision regulations,standardize the development of capital market and broaden corporate financing channels;to strengthen the control of internal management risk of TSJ company,the focus should be on regulating corporate governance structure,improving the establishment of assessment and response mechanisms for guarantee risk;to strengthen the control of guaranteed enterprise,we should focus on strictly reviewing the credit rating and financial status of the guaranteed enterprises in the process of external guarantee business.It is hoped that the above measures will further enhance TSJ’s risk control level in guarantee business and prevent possible major negligence.In addition,it is also hoped that it can provide positive reference for other companies to improve their risk control measures for external guarantees.